Investment Objective/Strategy -The International Multi-Asset Diversified Income Index Fund is an exchange-traded index fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the NASDAQ International Multi-Asset Diversified Income Index (the "Index").

There can be no assurance that the Fund's investment objectives will be achieved.

The index is a modified market capitalization-weighted index designed to provide exposure to multiple asset segments, each selected to result in a consistent and high yield for the index. The index is comprised of securities classified as non-U.S. dividend-paying equities (20%), non-U.S. real-estate investment trusts (REITs) (20%), non-U.S. preferred securities (20%), infrastructure companies (20%) and an index-based ETF that invests in non-U.S. fixed income securities (20%).

Each segment has its own set of eligibility criteria.

Every security in the index meets stringent eligibility criteria based on liquidity, size, volatility and yield.

The index is rebalanced quarterly.

Fund Description

The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in non-U.S. dividend-paying equity securities and/or depositary receipts, non-U.S. REITs, non-U.S. preferred securities, infrastructure companies and an ETF that invests in non-U.S. fixed income securities, that comprise each segment of the index.

The percentages provided above in the Index Description are the approximate index weights at each quarterly rebalance and will vary from these amounts between rebalances of the index.

Fund Overview

Ticker

YDIV

Fund Type

Multi Asset Income

Investment Advisor

First Trust Advisors L.P.

Investor Servicing Agent

Brown Brothers Harriman

CUSIP

33738R209

ISIN

US33738R2094

Intraday NAV

YDIVIV

Fiscal Year-End

09/30

Exchange

Nasdaq

Inception

8/22/2013

Inception Price

$19.97

Inception NAV

$19.97

Rebalance Frequency

Quarterly

Expense Ratio

0.79%

Current Fund Data (as of 3/16/2018)

Closing NAV1

$18.26

Closing Share Price2

$18.40

Bid/Ask Midpoint

$18.34

Bid/Ask Premium

0.40%

Total Net Assets

$14,609,497

Outstanding Shares

800,002

Daily Volume

7,001

Average 30-Day Daily Volume

3,912

Closing Share Price 52-Week High/Low

$19.55 / $17.09

Closing NAV 52-Week High/Low

$19.33 / $17.28

Number of Holdings

126

Fund Characteristics (as of 2/28/2018)7

Maximum Market Cap.

$262,962

Median Market Cap.

$6,538

Minimum Market Cap.

$712

Price/Earnings

11.02

Price/Book

1.09

Price/Cash Flow

7.88

Price/Sales

1.38

Top Holdings (as of 3/16/2018)

Holding

Percent

iShares Emerging Markets High Yield Bond ETF

19.60%

Standard Bank Group Ltd, Variable rate

2.15%

China Power International Development Ltd.

1.19%

Mapletree Greater China Commercial Trust

1.18%

Cominar Real Estate Investment Trust

1.14%

CEZ, a.s.

1.13%

Cromwell Property Group

1.08%

Genesis Energy Ltd.

1.08%

REN - Redes Energeticas Nacionais, SGPS, S.A.

1.08%

Centrica Plc

1.07%

Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Distribution Information

Dividend per Share Amt (as of 3/19/2018)3

$0.0100

30-Day SEC Yield (as of 2/28/2018)4

4.73%

12-Month Distribution Rate (as of 2/28/2018)5

4.99%

Index Yield (as of 2/28/2018)6

4.62%

Bid/Ask Midpoint vs. NAV (as of 12/31/2017)

Number of Days Bid/Ask Midpoint Above NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2017

28

34

0

0

9/30/2017

48

12

0

0

6/30/2017

2

0

0

0

3/31/2017

1

0

0

0

Number of Days Bid/Ask Midpoint Below NAV

Quarter Ended

0-49Basis Points

50-99Basis Points

100-199Basis Points

>=200Basis Points

12/31/2017

1

0

0

0

9/30/2017

3

0

0

0

6/30/2017

27

33

1

0

3/31/2017

10

43

7

1

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Fund Composition (as of 3/16/2018)

Dividend Paying Equities

21.52%

Fixed Income ETFs

19.85%

Preferred Securities

19.60%

REITs

19.01%

Infrastructure Companies

18.59%

Other

1.43%

Month End Performance (as of 2/28/2018)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception8

Fund Performance *

Net Asset Value (NAV)

-0.19%

-2.19%

11.75%

2.81%

N/A

N/A

3.08%

After Tax Held

-0.49%

-2.26%

9.35%

0.72%

N/A

N/A

0.86%

After Tax Sold

-0.10%

-1.24%

6.61%

1.14%

N/A

N/A

1.30%

Market Price

-0.41%

-2.19%

12.98%

2.84%

N/A

N/A

3.14%

Index Performance **

NASDAQ International Multi-Asset Diversified Income Index

0.57%

-1.73%

13.81%

4.50%

N/A

N/A

4.77%

Dow Jones EPAC Select Dividend™ Index

1.23%

-0.83%

14.64%

3.05%

N/A

N/A

4.34%

MSCI World ex USA Index

1.48%

-0.31%

18.87%

5.32%

N/A

N/A

6.11%

Quarter End Performance (as of 12/29/2017)

3 Mos

YTD

1 Year

3 Year

5 Year

10 Year

SinceFundInception8

Fund Performance *

Net Asset Value (NAV)

2.42%

20.94%

20.94%

3.81%

N/A

N/A

3.72%

After Tax Held

1.77%

18.37%

18.37%

1.70%

N/A

N/A

1.42%

After Tax Sold

1.37%

11.78%

11.78%

1.88%

N/A

N/A

1.75%

Market Price

2.25%

24.17%

24.17%

3.96%

N/A

N/A

3.78%

Index Performance **

NASDAQ International Multi-Asset Diversified Income Index

2.98%

22.82%

22.82%

5.37%

N/A

N/A

5.37%

Dow Jones EPAC Select Dividend™ Index

1.83%

19.91%

19.91%

4.87%

N/A

N/A

4.71%

MSCI World ex USA Index

4.23%

24.21%

24.21%

7.36%

N/A

N/A

6.41%

3-Year Statistics (as of 2/28/2018)

Standard Deviation

Alpha

Beta

Sharpe Ratio

Correlation

YDIV

11.19%

-1.37

0.79

0.26

0.85

Dow Jones EPAC Select Dividend™ Index

12.70%

-2.16

1.01

0.26

0.96

MSCI World ex USA Index

12.03%

---

1.00

0.45

1.00

Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future
results and current performance may be higher or lower than performance quoted. Investment returns
and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than
their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold.
After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns
do not represent the returns you would receive if you traded shares at other times. Market Price returns are
based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for
trading as of the time that the fund’s NAV is calculated. Returns are average annualized total returns, except
those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and
do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax
situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold
their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the NASDAQ International Multi-Asset Diversified Income Index is for illustrative purposes only and does not represent actual fund performance.

Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

The expense ratio for this fund is 0.79%.

Dow Jones EPAC Select Dividend™ Index - The Index consists of high dividend paying companies in the EPAC (Europe, Pacific, Asia and Canada) region, which covers developed markets excluding the United States.

MSCI World ex USA Index - The Index includes developed markets and is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies.

Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).

3

Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.

4

The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.

5

12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.

6

Index yield represents the weighted average trailing 12-month dividend of the constituents of the NASDAQ International Multi-Asset Diversified Income Index.

7

All market capitalization numbers are in USD$ Millions.

8

Inception Date is 8/22/2013

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the NASDAQ International Multi-Asset Diversified Income Index. Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions.
Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net
asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be
redeemed directly from the fund by authorized participants, in very large creation/redemption units. If the fund's authorized participants are unable
to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at
a discount to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular security owned by the fund, fund shares or securities in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

REITs are subject to certain risks, including changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Preferred securities combine some of the characteristics of both common stocks and bonds. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, in terms of priority to corporate income, and therefore will be subject to greater credit risk than those debt instruments. Preferred securities are also subject to credit risk, interest rate risk and income risk.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

Because the fund invests in exchange-traded funds that invest in fixed income securities, it is subject to additional risks pertaining to interest rates and credit risk. Credit risk may be heightened if the fund invests in "high yield" or "junk" debt. High-yield securities are subject to greater market fluctuations and risk of loss than securities with higher ratings, and therefore, may be highly speculative. These securities are issued by companies that may have limited operating history, narrowly focused operations, and/or other impediments to the timely payment of periodic interest and principal at maturity. The market for high-yield securities is smaller and less liquid than that for investment grade securities.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Nasdaq® and NASDAQ International Multi-Asset Diversified Income IndexSM are registered trademarks and service marks of Nasdaq, Inc.
(which with its affiliates is referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P.
The fund has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold, or promoted by the Corporations.
THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.

First Trust Portfolios L.P. Member SIPC and FINRA.
First Trust Advisors L.P.